The price of plasticizer DOP fluctuated and increased in July

According to the Commodity Market Analysis System of the Business Society, as of July 31, the price of DOP was 10441.67 yuan/ton, an increase of 8.02% compared to the price of 9666.67 yuan/ton on July 1. The price of raw material isooctanol fluctuated and increased, while the price of phthalic anhydride fluctuated and increased. The cost of plasticizer DOP raw materials increased, and downstream demand rebounded. The support for the increase in plasticizer prices increased. In July, the price of plasticizer DOP fluctuated and increased.

The price of isooctanol fluctuated and rose in July

According to the Commodity Market Analysis System of Business Society, the price of isooctanol was 9983.33 yuan/ton on July 31, an increase of 6.77% compared to 9350 yuan/ton on July 1. The inventory of isooctanol is low, and the market center has shifted upwards. In July, the price of isooctanol fluctuated and increased, leading to an increase in the cost of plasticizer DOP raw materials and an increase in the price of plasticizer DOP.

The market of phthalic anhydride fluctuated and rose in July

According to the market analysis system for phthalic anhydride products of the Business Society, as of July 31, the quotation for neighboring phthalic anhydride was 8525 yuan/ton, an increase of 10.71% compared to the price of 7700 yuan/ton on July 1. In July, the prices of phthalic anhydride fluctuated and increased, while the prices of crude oil and ortho benzene fluctuated and increased. The upstream market of phthalic anhydride rose, and the production of phthalic anhydride enterprises remained stable. The supply of phthalic anhydride was sufficient, and downstream demand for on-demand procurement stabilized. The cost of raw materials increased, and the cost of plasticizer DOP increased.

Downstream PVC market fluctuates and rises

According to the PVC product market analysis system of the Business Society, as of July 31, the PVC quotation was 5796.67 yuan/ton, an increase of 5.30% compared to the PVC price of 5505 yuan/ton on July 1. In July, PVC prices fluctuated and increased, while crude oil prices fluctuated and increased. PVC costs also increased. The delay of two policies in the “16 Financial Measures” helped promote the completion and delivery of real estate projects, leading to an expected increase in PVC demand, a rebound in downstream demand, and an increase in the driving force for plasticizer costs.

Future expectations

Analysts from Business Society’s plasticizer product data believe that in July, the prices of isooctanol and phthalic anhydride fluctuated and increased, leading to an increase in DOP costs for plasticizer products, an increase in downstream PVC procurement enthusiasm, a rebound in demand for plasticizers, and an increase in DOP prices for plasticizer products. In the future, with rising costs and a rebound in demand, the upward momentum of plasticizers is increasing, and it is expected that the price of plasticizer DOP will fluctuate and rise.